National CineMedia, Inc. (NASDAQ:NCMI) Receives $5.38 Consensus Target Price from Brokerages

Shares of National CineMedia, Inc. (NASDAQ:NCMI) have received a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.3750.

A number of brokerages recently commented on NCMI. Wedbush dropped their price target on National CineMedia from $6.50 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings lowered National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen lowered National CineMedia from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th.

Insider Transactions at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 12,066 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $3.04, for a total value of $36,680.64. Following the completion of the sale, the executive vice president directly owned 143,097 shares of the company’s stock, valued at $435,014.88. This trade represents a 7.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of National CineMedia

Large investors have recently bought and sold shares of the company. Lunate Capital Ltd purchased a new stake in National CineMedia in the third quarter worth $36,740,000. Luxor Capital Group LP increased its position in National CineMedia by 29.2% in the third quarter. Luxor Capital Group LP now owns 1,074,058 shares of the business services provider’s stock worth $4,844,000 after buying an additional 242,450 shares during the last quarter. SG Americas Securities LLC purchased a new stake in National CineMedia in the third quarter worth $123,000. EntryPoint Capital LLC increased its position in National CineMedia by 8.1% in the fourth quarter. EntryPoint Capital LLC now owns 55,439 shares of the business services provider’s stock worth $216,000 after buying an additional 4,142 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in National CineMedia by 30.3% in the fourth quarter. Intech Investment Management LLC now owns 39,154 shares of the business services provider’s stock worth $152,000 after buying an additional 9,112 shares during the last quarter. 69.49% of the stock is owned by hedge funds and other institutional investors.

National CineMedia Stock Performance

Shares of National CineMedia stock opened at $3.55 on Friday. The business’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $3.58. The firm has a market capitalization of $332.92 million, a P/E ratio of -39.44 and a beta of 1.40. National CineMedia has a 12 month low of $2.78 and a 12 month high of $5.53. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last issued its quarterly earnings results on Tuesday, May 12th. The business services provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.03. The business had revenue of $34.00 million for the quarter, compared to analyst estimates of $32.92 million. National CineMedia had a negative return on equity of 1.80% and a negative net margin of 3.47%.

National CineMedia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Friday, May 22nd were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, May 22nd. National CineMedia’s dividend payout ratio (DPR) is currently -133.33%.

National CineMedia Company Profile

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.